JPMorgan slapped with $700 million in 'Whale' fines: Report

http://www.cnbc.com/id/101031113

 

Probably chump change for them.

 

This will be only $200Million on average for each regulatory organisation. They should be looking for more so as to increase their "income". They could easily go for $500M/organization on average.
After all with this extra money they could attract better staff
when they can offer higer compensations, hire more staff so
as to lessen the existing staff workloads. they can alo
improve their infrastructure, get extra training...

Someone needs to let them know that JPM is extremely rich and $800M is really pocket money.

 

http://www.businessinsider.com/jpmorgan-to-pay-920-million-for-whale-2013-9

 

http://www.businessinsider.com/sec-neither-admit-nor-deny-policy-2013-9

 

damn. lose 5.8 billion then get hit with another 800 million in fines.

 

actually more than $1billion - IF one has to factor in lawyers fees, etc...

http://www.reuters.com/article/2013/09/19/us-jpmorgan-whale-idUSBRE98I0JL20130919